Thanks Richard. But accumulating a set of investment properties for wealth is surely a good strategy is it not? I guess my wife and I would like to have choices when we retire.In regards to your second sentence are you saying that even though you get all the tax benefits and deductions now the ATO take back a share when you sell through capital…[Read more]

Thanks everyone for your comments. Our goal is to eventually acquire a portfolio of properties to build wealth for the long term thus capital growth is important. However don't want to harm our present cash flow too much that is we dont want a property that is going to have a significant shortfall each week that we will have to make up. Sorry…[Read more]

Thanks Michelle,I have pretty much decided that I will not be going through an investment company such as Custodian but rather deal with a builder myself. I have found one here in Brisbane who seems ok and he pretty much said the same things you are saying. I think the only reason I was looking at Custodian was because I wasn't educated enough but…[Read more]

doh

Thanks Richard,I am ok with the loan structure. I was thinking more about advise on how to structure ownership (e.g might be 75% me 25% wife) to maximise tax benefits, reduce CGT etc and to also provide a model to calculate potential cash flow impacts of properties we are interested in? Or are you suggesting we see the accountant after looking or…[Read more]

Thanks Richard but would probably prefer one in Brisbane just for convenience. Do you know of any up here?Also just as a side note is it best to speak with an accountant before buying an IP other than for affordability purposes. We can definitely afford it but I want an accountant to help with set up (including split in ownership between my wife…[Read more]